AFLAC INC (AFL) Stock Technical Analysis
NYSE:AFL • US0010551028
We assign a technical rating of 8 out of 10 to AFL. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AFL is only an average performer.
- The long and short term trends are both positive. This is looking good!
- AFL is one of the better performing stocks in the Insurance industry, it outperforms 75% of 149 stocks in the same industry.
- AFL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AFL is lagging the market slightly.
- AFL has an average volume of 2417430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, AFL turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
- In the last month AFL has a been trading in the 106.32 - 119.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AFL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 117.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 111.94, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
99.98
2 important support areas can be observed.
- A support zone ranging from 105.42 to 111.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @100.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 117.15 to 117.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AFL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFL is up. |
| ChartMill Relative Strength | 56.67 | NEUTRAL | AFL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for AFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests AFL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.46 | NEUTRAL | The Stochastics value for AFL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for AFL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.99 | NEUTRAL | The ADX value for AFL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 117.48 | 110.27 | 7.21 (6.14%) | 16.29% |
| An entry @117.48. This is a Buy Stop order right above the resistance zone. | An exit @110.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.21 points, which is 6.14%. | When investing 16.29% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
114.91
-0.97 (-0.84%)
AFLAC INC / AFL FAQ
What is the ChartMill technical rating of AFLAC INC (AFL) stock?
ChartMill assigns a technical rating of 8 / 10 to AFL.
Can you provide the trend direction for AFLAC INC?
The current trend direction for AFLAC INC (AFL) is Bullish.
What is the RSI signal for AFL stock?
AFLAC INC (AFL) has an RSI value of 58.2202. This indicates that the stock is currently neutral.
What is the MACD signal for AFL stock?
The MACD indicator for AFLAC INC (AFL) has a value of 0.4234, indicating a bearish trend.
What is the short term momentum for AFL stock?
The short term momentum for AFLAC INC (AFL) is positive.